Coinbase and Binance both listed ICP in May of 2021, and the ICP price skyrocketed almost immediately.
At the beginning of February, the general mood in the crypto market had begun to change. Geopolitical tensions are weighing on public opinion, however. Internet Computer (ICP) still has a positive medium-term outlook, and you'll see why below. Let's start with the good stuff.
- In the last 24 hours, ICP has gained less than a tenth of a percent.
- The coin is predicted to reach $100 in the medium term.
- There are, however, many systemic risks in the market at present.
Internet Computer (ICP)
Notably, Internet Computer (ICP) was only launched in May 2021 and is still in its infancy. However, it was surrounded by a lot of hype. In fact, ICP was listed on Coinbase and Binance almost immediately after its launch. During the craze, it was traded for nearly $400 at one point.
As you might expect, the hype eventually dies down, and ICP has taken a massive hit. At the time of this writing, it was trading at $18.90. So, what is the next step for ICP?
The $100 mark isn't as improbable as it first appears to be. When you consider that in 2021, ICP hit an all-time high of $87. ICP's price appears to be the lowest yet at $18. A rise in price is possible if market sentiment improves in the near future.
Internet Computer (ICP) can be purchased by anyone.
Web3 apps will benefit from Internet Computer's highly scalable, general-purpose blockchain. Despite its young age, it has the potential to become a second Ethereum.
So, if you're looking for ETH-alternative smart contract tokens, ICP is a good option. In addition, the project's fundamentals and long-term outlook are simply incredible.
